Canada Deposit Insurance Corporation (CDIC)

For more than 50 years, Canada Deposit Insurance Corporation has assured Canadian depositors that their bank deposits are safe. Perhaps surprisingly, considering the relative tranquility of Canada’s banks, CDIC has come to the rescue after a number of failures. CDIC’s mandate goes beyond protecting depositors from loss to safeguarding the stability of the financial system as a whole from turbulence. How are changing times affecting that mandate?